DelistingApr 23, 2026, 04:18 PM
Borealis Foods Receives Nasdaq Delisting Notice for Delayed 10-K
AI Summary
Borealis Foods Inc. received a notice from Nasdaq on April 17, 2026, indicating non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for fiscal year 2025. This notice does not immediately impact the trading of the company's common stock. Borealis Foods has until June 16, 2026, to submit a plan to regain compliance and expects to file the 2025 Form 10-K by May 2026, aiming to cure the deficiency.
Key Highlights
- Received Nasdaq notice on April 17, 2026, for delayed 2025 Form 10-K.
- Violated Nasdaq Listing Rule 5250(c)(1) for timely periodic reports.
- Deadline to submit compliance plan is June 16, 2026.
- Anticipates filing 2025 Form 10-K by May 2026.
- Potential grace period until October 12, 2026, to regain compliance.